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27700 Avenida Terrazo

Cathedral City, CA 92234
  • $1,800,000
  • STATUS: Active
  • ON SITE: 80 Days
  • MLS #: 219113170
UPDATED: 185 min ago
$1,800,000
  • 8
    BEDS
  • 0.43
    ACRES
  • 9
    BATHS
  • 0
    1/2 BATHS
  • 4,850
    SQFT
  • $371
    $/SQFT
Neighborhood:
Rio Vista
Type:
Multi-Family
Built:
1983
County:
Riverside
Area:
335 - Cathedral City North

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Description

Exceptional opportunity to acquire a 7 unit well maintained, multi-unit, rental property in a lovely residential neighborhood of single-family homes. Consisting of six 1 bedroom, 1 bath units and one 2 bedroom, 2 bath unit, all units have separate gas and electric meters enabling tenant paid utilities. There is also a common laundry room for the use of the tenants, which also generates additional income for the owner. This unique property, just off of Vista Chino is located close to all of the neighborhood amenities including shopping, entertainment and easy access to the freeway. A property of this type is a rarity in today's real estate market.

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©2024 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Coachella Valley. Based on information from the California Desert Association of Realtors as of 2024-09-07T23:35:26.117. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

Licensed in the State of California, USA
www.kwcoachellavalley.com/homes/151834611
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27700 Avenida Terrazo Cathedral City, CA 92234

  • Price: $1,800,000
  • Status: Active
  • On Site: 80 Days
  • Updated: 185 min ago
  • MLS #: 219113170
8
Beds
9
Baths
0
½ Baths
0.43
Acres
4,850
SQFT
$371
$/SQFT
1983
Built
Neighborhood:
Rio Vista
County:
Riverside
Area:
335 - Cathedral City North
Property Description
Exceptional opportunity to acquire a 7 unit well maintained, multi-unit, rental property in a lovely residential neighborhood of single-family homes. Consisting of six 1 bedroom, 1 bath units and one 2 bedroom, 2 bath unit, all units have separate gas and electric meters enabling tenant paid utilities. There is also a common laundry room for the use of the tenants, which also generates additional income for the owner. This unique property, just off of Vista Chino is located close to all of the neighborhood amenities including shopping, entertainment and easy access to the freeway. A property of this type is a rarity in today's real estate market.
Exterior Features

Building Style Mediterranean Entry Floor Number 1 Entry Location Ground Level - No Steps Exterior Construction Stucco Foundation Slab Gated Community No Levels Ground LevelNo Unit AboveOne Parking On StreetOtherShared Driveway Paved Yes Roofing Tile Total Carport Spaces 0.00 Total Covered Spaces 0.00 Total Parking Spaces 0.00 Total Uncovered Assigned Spaces 0.00 Unit Location Not Applicable View No

Interior Features

Appliances Gas RangeRefrigerator Cooling Type Air ConditioningOtherWall/Window Unit(s) Fireplace No Flooring Ceramic Tile Heating Forced Air Rooms Other Total Fireplaces 1

Property Features

Annual Tax Amount 21954.00 Elevator No Green Features No Gross Operating Income Amount 106089.00 Gross Schedule Income Amount 120048.00 Land Type Fee Simple Laundry Yes Laundry Equipment Lease Laundry Location Community Listing Terms 1031 ExchangeCashCash to New LoanConventional Lot Description Rectangular LotSidewalksStreet PavedStreet Public Monthly Gross Income Amount 8840.00 Net Operating Income Amount 83460.00 Operating Expenses Amount 14588.00 Owner Pays GardenerWater Pool No Property Attached Detached Yes Sale Type Standard Security Safety None Senior Community No Sewer InConnected and Paid Spa Hot Tub No Tax Mello Roos Unknown Tax Rate Year 2023 Tenant Pays Cable TVElectricityGas Total Annual Operating Expenses Amount 14588.00 Total Taxes Amount 22000.00 Water Water District Water District Name Coachella Valley Water District Water Heater Feature Gas

Listing information © 2024 California Desert Association of Realtors.
Listing provided courtesy of Kurt Penn of Grossman Real Estate: (909) 608-7426.
©2024 California Desert Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty Coachella Valley. Based on information from the California Desert Association of Realtors as of 2024-09-07T23:35:26.117. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker of MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listing by the office/agent presenting the information.

Licensed in the State of California, USA
 
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39-575 Washington Street, Suite #105
Palm Desert CA, 92211